posted 9.29 a.m. est Pre-open comment Friday 25th February On Thursday there was a brief price probe (actually less than one minute) below the 1293 support.  This is now proven support and time spent below that level would indicate lower. Should it be reached, 1318 is the obvious level of resistance being both the minor […]

posted 9.29 a.m. est Pre-open comment Thursday 24th February Wednesday’s session high came in early at the previous day’s poc (dotted).  This pattern confirms Sellers in control of the dayframe.  Wednesday’s poc is at 1207 and pre-open ES has probed up into that level. The Aggressive Selling marked on Tuesday (red-at-bottom) means that long trades […]

posted 9.29 a.m. est Pre-open comment Wednesday 23rd February Significant Selling was marked on Tuesday for the first time this month.  As you know red-at-bottom have a high chance of being tested the following day. The poc at 1318 (also the 8dyVAL) is the most important level to monitor. More time spent at or below […]

posted 9.28 a.m. est Pre-open comment Tuesday 22nd February Chartprofit Market Timing system stayed positive for all major Market Charts.  Weekly structure remains bullish with Tuesday on the low last week and Friday on the high.  At the start of last week I projected the mid 1330s as a price level which “may well attract […]

posted 9.29 a.m. est Pre-open comment Friday 18th February I had been expecting Responsive Sellers to step in before ES reached 1340 but that hasn’t happened.  I thought we would see some red-at-top this week but in fact Significant Buyers are so far still very active; Responding yesterday at the first opportunity as ES tested […]

posted 9.26 a.m. est Pre-open comment Thursday 17th February Wednesday: ES printed as high as 1336.  Rejection from this level early in the session was not convincing; First Level Support at 1326.50 held and ES spent the rest of the session building a higher, wider Value Area.  Following yesterday’s price action the 8dayVAH has migrated […]

posted 9.14 a.m. est Pre-open comment Wednesday 16th February Another narrow Value Area on Tuesday but consolidating the higher level Friday advanced to last week.   1326.50 is the minor (3day poc) and becomes First Level Support for this week.  Overnight ES has printed as high as 1332.75 and approaches the level where I suspect Significant […]

posted 9.10 a.m. est Pre-open comment Tuesday 15th February Monday’s session generated a higher/overlapping, narrower Value Area on reduced volume. The whole session was above Friday’s poc which is a ST positive.  No Significant Imbalances were marked.  As long as 1318 holds I assume higher but see yesterday’s comments (highlighted). First Level Support = 1318 […]

posted 9.29 a.m. est Pre-open comment Monday 14th February Last week I marked four instances of Significant Buying and no Significant Selling. The Chartprofit Market Timimg System is positive for all major Market Charts.  Friday’s session opened just below the 1315.50 (minor 1/2R) and immediately rallied back above it which was a sign of ST […]

posted 9.29 a.m. est Pre-open comment Friday 11th February This week ES had been printing above the 8dayVAH but yesterday’s price action has raised the 8dayVAH to 1322 with the 8dayVAL 1302.5. The minor poc of any significance (17day) has also migrated higher to 1318.   That could be resistance of course but ES printing above […]